Australia’s Senate Economics Legislation Committee is considering a new bill 
that would require crypto exchanges and tokenization platforms to operate in 
accordance with the country’s existing financial services regime. Australian 
regulators are pushing for the passage of the Corporations Amendment…

Australia Senate committee pushes bill to bring crypto platforms under financial services rules

Veteran trader Peter Brandt sparked a fresh round of chart debate around 
Bitcoin after posting a chart and writing, “The Banana is splitting. This is a 
Horn. Richard W. Schabacker wrote about this in his 1934 book.” For market 
participants used to Brandt’s shorthand, the message pointed to a possible 
shift in how he is reading BTC’s recent recovery structure. The chart Brandt 
shared shows Bitcoin on the daily timeframe rebounding from a sharp February 
washout into the low-$60,000s and climbing back toward the low-$70,000s. The 
posted candle data showed BTC closing at $72,813.62 on the day, with an 
intraday high of $73,210.95. Around that rebound, Brandt drew two widening 
curved boundaries, creating the outline of what he called a “horn.” 
‘Banana/Horn’ Could Send Bitcoin Into Mid-$80Ks What makes the post puzzling 
is that “banana” is not a standard textbook label in the way flag, wedge or 
triangle are. In context, Brandt appears to be using it descriptively: the 
recovery arc looks rounded and elongated, and his comment that “the Banana is 
splitting” suggests that the smooth curve is beginning to open outward into a 
broader, more unstable formation. That is where the “horn” reference comes in. 
Related Reading: Is Bitcoin Price Bottom In? MVRV Z-Score Says ‘Not Yet’ In 
classical chart language, a horn pattern is best understood as a broadening 
structure, one where the price path does not tighten but expands. Brandt’s 
reference to Richard W. Schabacker matters because Schabacker’s pre-war 
technical analysis work sits near the foundation of modern classical charting. 
By invoking a 1934 text, Brandt was framing the setup as old-school chart 
geometry rather than a crypto-native meme or a one-off joke. The catch is that 
Brandt himself did not present the pattern as settled. When one user replied, 
“Dude pick one. Horn or flag,” Brandt answered: “Could be either. Sorry you 
cannot handle flexibility.” That response is important. It suggests he is not 
yet making a hard categorical call between a more conventional continuation 
flag and a widening horn-type formation. Instead, he appears to be 
highlighting that the structure is in transition and that real-time pattern 
recognition is rarely as clean as retrospective textbook examples. Related 
Reading: Bitcoin Miners’ AI Shift May Create New Overhang, Lekker Capital CIO 
Warns Read that way, the tweet is less a precise forecast than a warning about 
market character. A flag would usually imply a more orderly pause within 
trend. A horn, by contrast, implies widening swings and a less controlled 
advance. On Brandt’s chart, Bitcoin is pushing through the upper half of the 
formation, but the drawn boundaries flare outward as price moves to the right, 
which visually supports the idea that volatility could expand rather than 
compress. As for price target, Brandt did not annotate a measured move, so any 
projection has to be treated as approximate. The most reasonable read from the 
image is not a fixed breakout target but a path target along the horn itself. 
The upper curved boundary rises from around the mid-$70,000 area in mid-March 
toward roughly $83,000 to $88,000 by early April, while the lower boundary 
also trends sharply higher. If Bitcoin continues to track the upper side of 
the pattern, the chart appears to point toward the low- to mid-$80,000s as the 
next visible zone. At press time, BTC traded at $73,186. Featured image 
created with DALL.E, chart from TradingView.com

Bitcoin Eyes MId-$80,000s As Peter Brandt Flags ‘Horn’ Pattern

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Australia is moving closer to a new licensing regime that would bring crypto 
exchanges and tokenization platforms into the Australian Financial Services 
Licence regime.

Australian Senate committee backs new crypto platform licensing bill

Both the U.S. and international crude benchmarks, WTI and Brent futures, 
surpassed $100 on Sunday night as the market examined the effects of a 
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